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Jan 25, 2013
01/13
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CNN
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he says haggling over the raising of the debt ceiling and trying to avoid the fiscal cliff showed congress at its worst. chambliss served two terms in the senate. he anchored some conservative activists with his attempts to find a bipartisan solution to the nation's debt problem. >>> playing the lottery might become impossible for some people in north carolina. here's why. a state lawmaker wants to ban people receiving government assistance or those who have declared bankruptcy from playing. republican representative paul stan is helping to draft this legislation. he says welfare money should be used to help people survive, not for gambling. critics say everyone should be able to play. ♪ what's love got to do with it ♪ >> great song. >>> singing legend tina turner is saying good-bye to her u.s. citizenship and will soon be a citizen of switzerland. she is 73 years old. she moved to switzerland in 1995 with her long time partner and says she cannot imagine a better place to live. she needs at proval of the swiss federal authorities to make this official. >>> the vice president takes his
he says haggling over the raising of the debt ceiling and trying to avoid the fiscal cliff showed congress at its worst. chambliss served two terms in the senate. he anchored some conservative activists with his attempts to find a bipartisan solution to the nation's debt problem. >>> playing the lottery might become impossible for some people in north carolina. here's why. a state lawmaker wants to ban people receiving government assistance or those who have declared bankruptcy from...
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Jan 25, 2013
01/13
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and then senator obama voted against raising the debt ceiling, he said he was doing up because the national debt was outrageous a train dollars. i want to quote the president because he clarified for effect $8 trillion. under president about our national debt is over $16 trillion climbing, larger than our entire economy and he's not worried at all. indeed, he caused the progress. remember his campaign slogan? have got news for the president. if washington's guidance going forward, america's economy is going backwards. instead of managing government, it's time to address how we can make america to please her she can once again become the land of upper charity, a place of opportunity. we should put all of our eggs in that basket conservatives and republicans. research any folks in washington d.c. to devote themselves from taking america so for the lechery cannot give back. we must do all we can to stop what is rapidly becoming the bankrupting of our federal government. we as conservatives must dedicate energy and efforts to bring america, to showing the younger generation south american in th
and then senator obama voted against raising the debt ceiling, he said he was doing up because the national debt was outrageous a train dollars. i want to quote the president because he clarified for effect $8 trillion. under president about our national debt is over $16 trillion climbing, larger than our entire economy and he's not worried at all. indeed, he caused the progress. remember his campaign slogan? have got news for the president. if washington's guidance going forward, america's...
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Jan 25, 2013
01/13
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CSPAN
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when senator obama voted against raising the debt ceiling, he said he was doing so because the national debt was at an outrageous $8 trillion. he clarified for a fact -- $8 trillion, trillion with a 't'. now our national debt is over $16 trillion and climbing, larger than our tire economy and he is not a word about it at all. he calls a progress. his campaign slogan said it is forward. i've got news for the president, if washington's debt is going forward, america's economy is going backward. instead of worrying about managing the economy, it is time to address how we can lead america out where she can once again become the land of opportunity and once again become a place of growth and opportunity. we should put all our eggs in that basket as conservatives and republicans. we certainly do need folks in washington, d.c. to devote themselves to stop as president from taking this country so far off the ledge that we can i get back. we must stop what is rapidly becoming the bankrupting of our federal government. we, as conservatives, must dedicate our energies endeavors to growing america,
when senator obama voted against raising the debt ceiling, he said he was doing so because the national debt was at an outrageous $8 trillion. he clarified for a fact -- $8 trillion, trillion with a 't'. now our national debt is over $16 trillion and climbing, larger than our tire economy and he is not a word about it at all. he calls a progress. his campaign slogan said it is forward. i've got news for the president, if washington's debt is going forward, america's economy is going backward....
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Jan 31, 2013
01/13
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FOXNEWS
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washington appears poised to resolve the debt ceiling crisis at least temporarily. a very important caveat here. the senate is expected to pass the measure to raise the limit on our federal borrowing but only raise it until may. chief political correspondent carl cameron is live from washington. so carl, may is my birthday but beyond that i have no reason why may is the date. what is the fine print here in all of this? >> reporter: the title of it is called the no budget, no pay bill. that is sort of contingent string attached to this. over all extends enforcement the of current debt ceiling through mid-may. but at that point it retroactively goes up and the bipartisan policy center says the increase will be $450 billion. call it about half a trillion so the new total will end up being around 17 trillion in federal debt, as of mid-may. that string attached to the no budget-no pay provision. house republicans who have passed budgets during the first obama term inserted this into the legislation, essentially to pressure senate democrats to pass budgets. they have not
washington appears poised to resolve the debt ceiling crisis at least temporarily. a very important caveat here. the senate is expected to pass the measure to raise the limit on our federal borrowing but only raise it until may. chief political correspondent carl cameron is live from washington. so carl, may is my birthday but beyond that i have no reason why may is the date. what is the fine print here in all of this? >> reporter: the title of it is called the no budget, no pay bill....
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Jan 27, 2013
01/13
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MSNBC
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republicans agreed to raise the debt ceiling. that took away a little bit of their leverage going into negotiations at the end of february. here comes paul ryan. where has he been? he is making this line in the sand now. i think the white house is concerned because this could hurt the economy going forward if we go through these deep cuts and right now the white house is saying we need to keep the economy moving. we have to keep all eyes on that and continue to have growth and jobs. there is concern for the white house. >> ryan took one of his famous charts on "meet the press." you can tell immediately what he thinks the problem is, more spending cuts are needed. paul ryan says increasing revenue is off the table for now. the gop, the tax hikes during the fiscal cliff stuff. do they do it again? >> he was also asked and side stepped whether or not you could close loopholes. it is another way to get revenue. that is what david gregory asked him. he had a nonresponse response to that. there are other ways to get revenue than across
republicans agreed to raise the debt ceiling. that took away a little bit of their leverage going into negotiations at the end of february. here comes paul ryan. where has he been? he is making this line in the sand now. i think the white house is concerned because this could hurt the economy going forward if we go through these deep cuts and right now the white house is saying we need to keep the economy moving. we have to keep all eyes on that and continue to have growth and jobs. there is...
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Jan 31, 2013
01/13
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WBAL
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the debt ceiling. this measure expense the government's borrowing limit to may 19th. the national debt will be pushing the $17 trillion. in other words, it's really washington's version of kicking the can down the road. the president is expected to sign this bill immediately. >>> now to the economy and the financial markets. stocks fell a bit today with all three major indexes modestly lower. but for the month, the dow was up almost 6%, the best since january in '94. nasdaq gabd 4%, s&p just over 6. its best january since '97. what is the market surge trying to tell us when mixed in with some bad news out there, as well? and on the eve of another big jobs report? our report from nbc's tom costello. >> reporter: 25-year-old kory wilson can tell you, it's not easy looking for a job. she has applied for 200 since earning a masters degree in public relations last may of the. >> being a post graduate, either i'm overqualified or i'm underqualified. >> she is looking for work, but the economy seemingly poise
the debt ceiling. this measure expense the government's borrowing limit to may 19th. the national debt will be pushing the $17 trillion. in other words, it's really washington's version of kicking the can down the road. the president is expected to sign this bill immediately. >>> now to the economy and the financial markets. stocks fell a bit today with all three major indexes modestly lower. but for the month, the dow was up almost 6%, the best since january in '94. nasdaq gabd 4%,...
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Jan 25, 2013
01/13
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CSPAN
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i have said many times, i would oppose the budget control act which will raise the debt ceiling. in part, because the way the question provisions were written. they were unbalanced. 50% of our cuts come from the defense. it just cut everything by the same amount as opposed to give our military leaders the pentagon to cut from unsuccessful and outdated programs and put more money into the most successful and important programs. with that said, the only thing worse than the defense cuts and sequestration is no cuts at all. if we don't have the sequestration cuts at the top line revenue level went we will increase the debt ceiling with almost nothing to show for it. part of the reasons why the house republicans this week, extended the debt cerealing for three months to feel out paul ryan and his team to draft a budget that gets us balanced in 10 years but also protects the department of defense from further cuts because they have already been cut by $500 billion. >> do you get the idea, do you get the sense that americans are tired of world business. that doing some business here at
i have said many times, i would oppose the budget control act which will raise the debt ceiling. in part, because the way the question provisions were written. they were unbalanced. 50% of our cuts come from the defense. it just cut everything by the same amount as opposed to give our military leaders the pentagon to cut from unsuccessful and outdated programs and put more money into the most successful and important programs. with that said, the only thing worse than the defense cuts and...
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Jan 29, 2013
01/13
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CNBC
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you can see 86% are saying that congress will raise the debt ceiling every time it's reached this year, when i think about some of the reasons why stocks have gotten higher because i think that thread along with the fiscal cliff has come out of the market and that there's overwhelming sentiment that coss i solve the get problem. we asked wall street to grade our treasury secretary going out and one coming in. you can see a pretty strong sentiment that he was a seed secretary with a 2.2. jack lew, the sentiment there. 2.0. one more thing on the deficit i just want to say and maybe this is worthy of discussion here. i think this is a sign that things have improved, at these economists and guys on wall street are saying we should solve the deficit and do it now. i think if things were as bad as they were say the last couple years there might be less sense that we urgently need to fix the deficit problem. mike england from action economics said if we don't solve it now we'll get to the next cycle, as in the next downturn, with nothing in the tank to help the economy. so he's saying let's u
you can see 86% are saying that congress will raise the debt ceiling every time it's reached this year, when i think about some of the reasons why stocks have gotten higher because i think that thread along with the fiscal cliff has come out of the market and that there's overwhelming sentiment that coss i solve the get problem. we asked wall street to grade our treasury secretary going out and one coming in. you can see a pretty strong sentiment that he was a seed secretary with a 2.2. jack...
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Jan 25, 2013
01/13
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CSPAN2
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one, don't raise any question about not raising the debt ceiling. ultimately, we have to do that. and the second as we have to get our long-term fiscal house in order. that means we have to get the entitlement programs under control, achieving two goals. one, the reform is necessary to make sure they achieve the results we're heading which is protecting at risk populations while spending money so we can afford to spend, and no more. that are simple entitlement reforms straightforward. they have been well-vetted that this congress should adopt i believe fairly quickly. there may be legislatively complex, and these are the kind of reforms received my partisan support in the past. commonsense thing. it's frustrating in fact that we don't taken more seriously and move on them because they have profound impacts, where the problem really is. yes, we have a series problem with a trillion dollars budget deficit today but really largess that is the problem is dwarfed by our long run fiscal empowerment program. we know some of the basis reform, bipartisan reforms that can be enacted that wi
one, don't raise any question about not raising the debt ceiling. ultimately, we have to do that. and the second as we have to get our long-term fiscal house in order. that means we have to get the entitlement programs under control, achieving two goals. one, the reform is necessary to make sure they achieve the results we're heading which is protecting at risk populations while spending money so we can afford to spend, and no more. that are simple entitlement reforms straightforward. they have...
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Jan 28, 2013
01/13
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CSPAN2
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and we're not going to just keep raising the debt ceiling. we're going to make a down payment on debt reduction, and we're going to point the country in the right direction, we're going to cut spending. [applause] you know, there will be times p when conservatives disagree on the way forward. we've never marched in lockstep. that's not what we do. a healthy debate is a good and needed thing. we can deliberate in private without fighting in public. all we should ask of each other is that we give an honest account of our actions and their reasons for them. we should challenge the left, not each other. and if we take the prudent course, you know what? we'll be in really good company. our founders were men of prudence. take james madison. nowadays we call him the founder, the father of the constitution. but at the constitutional convention, he lost some key arguments. you know, he fought the plan to give each state the same number of seats in the senate. he thought it was deeply unjust. and at first he wants -- he wanted congress to be able to ve
and we're not going to just keep raising the debt ceiling. we're going to make a down payment on debt reduction, and we're going to point the country in the right direction, we're going to cut spending. [applause] you know, there will be times p when conservatives disagree on the way forward. we've never marched in lockstep. that's not what we do. a healthy debate is a good and needed thing. we can deliberate in private without fighting in public. all we should ask of each other is that we give...
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Jan 31, 2013
01/13
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CSPAN2
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ceil something not raised immediately -- debt ceil something not raised immediate lid upon the expiration of this period. that's what this amendment is about. my amendment is about minimizing the risk the disruption in any event that the debt ceil something not raised at the time that the time expires. what it does is instructs the treasury detect to prioritize three categories of payment. the presiding officer: time is expired. mr. toomey: let me ask for 30 seconds to simply saddam hussein that this amendment -- to simply explain that this amendment would authorize the treasury to rates debt ceiling as necessary to cover those three categories. i would urge my colleagues to support the amendment. thank you. mr. baucus: madam president? the presiding officer: the senator from montana. mr. baucus: madam president, i appreciate the intent of the senator from pennsylvania. when you stop and think about this amendment, it reminds us of the movie and the book "hunger games." in "hunger games" you'll recall that children were pitted against each other until one survived. there are three categor
ceil something not raised immediately -- debt ceil something not raised immediate lid upon the expiration of this period. that's what this amendment is about. my amendment is about minimizing the risk the disruption in any event that the debt ceil something not raised at the time that the time expires. what it does is instructs the treasury detect to prioritize three categories of payment. the presiding officer: time is expired. mr. toomey: let me ask for 30 seconds to simply saddam hussein...
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Jan 26, 2013
01/13
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CSPAN
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we are not going to just keep raising the debt ceiling, we are going to make a down payment on debt reduction and we are going to putt -- we are going to point the country in the right direction. we are going to cut spending. [applause] there will be times when conservatives disagree on the way forward. we never marched in lockstep. we can deliver it in private. all we should ask for each other is that we give an honest account of our actions and the reasons for them. we should challenge the left, not each other. if we take a prudent course we will be in very good company. take james madison. nowadays we call him the founder and the father of the constitution. but at the constitutional convention he lost key arguments. he fought to give each state the same number of seats in the senate. he wanted to give congress more power. he wanted them to be able to be tough state laws. in both cases, he argued vigorously for his side. in both sets -- in both cases he lost. when it came to ratify the when it came time to ratify the constitution, there was no better person than james madison. he led the ch
we are not going to just keep raising the debt ceiling, we are going to make a down payment on debt reduction and we are going to putt -- we are going to point the country in the right direction. we are going to cut spending. [applause] there will be times when conservatives disagree on the way forward. we never marched in lockstep. we can deliver it in private. all we should ask for each other is that we give an honest account of our actions and the reasons for them. we should challenge the...
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Jan 27, 2013
01/13
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CSPAN
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eye 114
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the continuing resolution and the debt ceiling. both of those are coming up in the next couple of months. those are leverage points that are the mirror image of the fiscal cliff. those are leverage points that if nothing passes the result is not a default on the debt. that's scare hmongering from the president. the -- scaremongering from the president. those are temporary partial shutdowns. we've seen that before in 1995 when republicans stood together, and the result was some political pain, to be sure, but it was also year after year of balanced budgets and some of 9 most fiscally responsible policies from congress we have seen in modern times. [applause] the only hope of getting anything affirmative done is requesting to come from those leverage points because president obama has indicated, sadly, he has no interest in being bill clinton. he has no interest in tacking to the middle. he has no interest in compromising with anybody, and the only way we're going to restrain the out of control spending and debt that's threatening ou
the continuing resolution and the debt ceiling. both of those are coming up in the next couple of months. those are leverage points that are the mirror image of the fiscal cliff. those are leverage points that if nothing passes the result is not a default on the debt. that's scare hmongering from the president. the -- scaremongering from the president. those are temporary partial shutdowns. we've seen that before in 1995 when republicans stood together, and the result was some political pain,...
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Jan 31, 2013
01/13
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CNBC
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can we just get rid of the debt ceiling? it's a real brawl. >> just deep six that sucker like no other country deals with this it ottic device. hey, i'm going to borrow some money, but i'll think twice over whether i'm going to pay the bill when it comes. >> what if it was the founding father himself who said i think we ought to have a debt ceiling so as to avoid fiscal recklessness? >> well, in fact, the debt ceiling, the reason we have one is because up until 100 years ago, we voted on every bond issue individually. so you think it's bad now, just imagine if we had had that situation. but looking forward, though, this is very much yesterday's story. it was interesting that the reason the dow took this latest jump upwards was because the house a couple of weeks ago signaled they weren't going to have a fight over the debt ceiling. now, people need to focus on the fact that the next big tripwire is the sequester. i think markets got a little bit complacent the one second. >> we want to talk about the federal reserve, as well
can we just get rid of the debt ceiling? it's a real brawl. >> just deep six that sucker like no other country deals with this it ottic device. hey, i'm going to borrow some money, but i'll think twice over whether i'm going to pay the bill when it comes. >> what if it was the founding father himself who said i think we ought to have a debt ceiling so as to avoid fiscal recklessness? >> well, in fact, the debt ceiling, the reason we have one is because up until 100 years ago,...
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Jan 26, 2013
01/13
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CNN
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congress voted to suspend the debt ceiling for three months this week, effectively raising the country's borrowing limit while they figure out deeper cuts to reduce the deficit. that keeps me employed for at least a few more months. even before that deadline hits again, march 1st will be on us, the so-called sequester deadline. that's a stupid washington name for a stupid and dangerous washington creation, the automatic across-the-board spending cuts. then there's another date to worry about, april 15th. not just tax filing day but the date by which congress has promised to adopt a budget resolution. they even this time stake their pay on it, agreeing to reach a deal or face suspension of their paychecks until they reach a deal. that might just be enough of a carrot to make them actually present a budget that takes on our a bah looning deficit. but that battle may make the recent battle over tax hikes for the rich seem like a friendly game of badminton. big spending cuts are needed and they will hit americans where it hurts -- in their entitlements. i'm talking about health care, medicar
congress voted to suspend the debt ceiling for three months this week, effectively raising the country's borrowing limit while they figure out deeper cuts to reduce the deficit. that keeps me employed for at least a few more months. even before that deadline hits again, march 1st will be on us, the so-called sequester deadline. that's a stupid washington name for a stupid and dangerous washington creation, the automatic across-the-board spending cuts. then there's another date to worry about,...
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Jan 27, 2013
01/13
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CNN
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the debt ceiling ultimately unless they get severe spending cuts and the obama administration is not going to give it to them. you're going to watch the u.s. do crazy, crazy things this year. >> he was pretty clear. he called it crazy. i talked to eric cantor earlier, the republican majority leader. he sort of said we're ready to deal and compromise, but people are very worried about what the u.s. could do. >> oh, and this latest decision to just kick the can, i hate to use the cliche, further down the road, axel neighbor is a former central banker in europe, also the head of ubs and he was absolutely in no doubt that what we are seeing in the u.s. in the political and economic process is dangerous. >> if you have the debt ceiling, the europeans will talk about how you can make that binding. in the u.s., the concern is much more whether you can lift it in time in order not to put too much break on the economy. now, the u.s. economy has bottomed out, it's coming back, and i think sooner or later the u.s. has to face the fiscal issue not just in the sense of delaying adjustment but rea
the debt ceiling ultimately unless they get severe spending cuts and the obama administration is not going to give it to them. you're going to watch the u.s. do crazy, crazy things this year. >> he was pretty clear. he called it crazy. i talked to eric cantor earlier, the republican majority leader. he sort of said we're ready to deal and compromise, but people are very worried about what the u.s. could do. >> oh, and this latest decision to just kick the can, i hate to use the...